1. Keys to Fraud Prevention and
Detection In The Public Sector
Ron Steinkamp, CPA, CIA, CFE, CRMA, CGMA
314.983.1382
rsteinkamp@bswllc.com
6 CityPlace Drive, Suite 900 │ St. Louis, Missouri 63141 │ 314.983.1200
1.888.279.2792 │ www.bswllc.com
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.
Violation of trust.
Three general categories:
Asset misappropriations = employee steals or misuses an organizations resources.
Corruption = employee’s use of influence in business transactions in a way that violates duty to the employer for the purpose of obtaining benefit for self or someone else.
Financial Statement Fraud = intentional misstatement or omission of material information in financial reports.